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Friday, 01 May 2026
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Economics Past Questions and Answers

Waec Economics Questions

Question 1161:
One advantage of the Sole Proprietorship over other forms of business organization is that it can
  • A Make very high profits
  • B Employ many workers
  • C Keeps its affair private
  • D Produce on a very large high scale
View Answer & Explanation
Question 1162:
Which of the following is obtainable in a perfect market?
  • A P = MR > AR
  • B MP = MC > P
  • C MR < P
  • D P = MR = MC
View Answer & Explanation
Question 1163:
The wholesaler performs the following function except
  • A Breaking the bulk
  • B Offering credit facilities to the consumers
  • C Financing manufacturers
  • D Buying in bulk from manufacturers
View Answer & Explanation
Question 1164:
A country whose population size is too small relative to its resource is
  • A Over populated
  • B Optimally populated
  • C Under populated
  • D Producing the optimum output
View Answer & Explanation
Question 1165:
An efficient weapon used in resolving dispute between employers and employees is
  • A Co-operation
  • B Collective bargaining
  • C Display of placards
  • D Legal action
View Answer & Explanation